New Horizon, Gimv Sold Punch Powertrain Stake To China’s Yinyi

China's New Horizon Capital, Belgian holding company Gimv and other investors have agreed to sell their stake in automotive system supplier Punch Powertrain to Chinese group Yinyi for reportedly US$1.1 billion including debt. Gimv and its affiliated funds, New Horizon, LRM and Capricorn jointly held 32% of Punch Powertrain before the strategic sale. The deal […]

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Read the original article: China Money Network